Egbert Sousé becomes an unexpected hero when a bank robber falls over a bench he's occupying. Now considered brave, Egbert is given a job as a bank guard. Soon, he is approached by charlatan J. Frothingham Waterbury about buying shares in a mining company. Egbert persuades teller Og Oggilby to lend him bank money, to be returned when the scheme pays off. Unfortunately, bank inspector Snoopington then makes a surprise appearance.

It is a premiere night at the Fox Carthay Circle theater, and the Our Gang show up to observe the festivities. But after the Gang causes a disruption, the police send them scurrying home. Not to worry--the Our Gang stage their own premiere night in the clubhouse barn.

Joe and Ethel Turp are up in arms when their faithful old mailman is fired. Unable to get satisfaction on a municipal level, Joe and Ethel plead their mailman's case to the President himself.

Anita, engaged to solid Don Barnes, is swept off her feet by magician Arturo. Before you can say presto, she's his wife and stage assistant on a lengthy world tour. But Anita is annoyed by Arturo's constant flirtations, and his death-defying stunts give her nightmares. And forget her plan to retire to a farmhouse. Eventually, she has had enough and disappears.

Band tries to get an audition for a job at a prestigious nightclub.

Mobster "Baby Face" Martin returns home to visit the New York neighborhood where he grew up, dropping in on his mother, who rejects him because of his gangster lifestyle, and his old girlfriend, Francey, now a syphilitic prostitute. Martin also crosses paths with Dave, a childhood friend struggling to make it as an architect, and the Dead End Kids, a gang of young boys roaming the streets of the city's East Side slums.

Wealthy widow Mrs. Bramson notices that her maid is distracted, and when she learns the girl's fiancé, Danny, is the reason, she summons him in. Mrs. Bramson's niece Olivia takes a liking to Danny, and comes to believe that he may have been involved in the disappearance of a local woman.